REE 3433 Exam 3 Prep (2025/2026) | Real
Estate Finance & Lending | Verified Q&A
Study Resource.
The following description best characterizes which instrument listed below: "A debtor deeds
legal title to an independent third party who holds the deed as security for the creditor"
Deed of trust
The following description best characterizes which instrument listed below: "A debtor deeds
legal title to an independent third party who holds the deed as security for the creditor"
Deed of trust
A mortgage secures a deed to real property
-True
-False
-False
A mortgage secures a deed to real property
-True
-False
-False
Redlining occurs whenever lenders refuse to make mortgage loans to, or impose stricter
mortgage terms on, certain individuals.
-True
-False
-False
Redlining occurs whenever lenders refuse to make mortgage loans to, or impose stricter
mortgage terms on, certain individuals.
-True
-False
,-False
Which of the following fair lending laws was created to fight predatory lending practices:
-Home Ownership and Equity Protection Act.
Which of the following fair lending laws was created to fight predatory lending practices:
-Home Ownership and Equity Protection Act.
Under a reverse annuity mortgage:
- If the amount due the lender at the homeowner's death exceeds the value of the home, the
Federal Housing Administration will cover the loss.
- All of the above
- The homeowner receives a monthly payment from a bank as long as he remains in the home
- The lender receives a mortgage on the home but principal and interest are not due until the
homeowner dies or sells the property
-All of the above
Under a reverse annuity mortgage:
- If the amount due the lender at the homeowner's death exceeds the value of the home, the
Federal Housing Administration will cover the loss.
- All of the above
- The homeowner receives a monthly payment from a bank as long as he remains in the home
- The lender receives a mortgage on the home but principal and interest are not due until the
homeowner dies or sells the property
-All of the above
An acknowledgment made by a notary of the grantor's and the witnesses' signatures is not
required to make a deed legally valid, but it is required for recordation.
-True
-False
-True
An acknowledgment made by a notary of the grantor's and the witnesses' signatures is not
required to make a deed legally valid, but it is required for recordation.
, -True
-False
-True
A document can be rejected from a recorder's office for not having the proper color ink or size
of characters.
-True
-False
-True
A document can be rejected from a recorder's office for not having the proper color ink or size
of characters.
-True
-False
-True
A deed is a written or oral conveyance of real estate from one party to another
-True
-False
-False
A deed is a written or oral conveyance of real estate from one party to another
-True
-False
-False
An exception is something taken back from the grant of real estate while a reservation is
some part of the estate which is not granted
-True
-False
-False
Estate Finance & Lending | Verified Q&A
Study Resource.
The following description best characterizes which instrument listed below: "A debtor deeds
legal title to an independent third party who holds the deed as security for the creditor"
Deed of trust
The following description best characterizes which instrument listed below: "A debtor deeds
legal title to an independent third party who holds the deed as security for the creditor"
Deed of trust
A mortgage secures a deed to real property
-True
-False
-False
A mortgage secures a deed to real property
-True
-False
-False
Redlining occurs whenever lenders refuse to make mortgage loans to, or impose stricter
mortgage terms on, certain individuals.
-True
-False
-False
Redlining occurs whenever lenders refuse to make mortgage loans to, or impose stricter
mortgage terms on, certain individuals.
-True
-False
,-False
Which of the following fair lending laws was created to fight predatory lending practices:
-Home Ownership and Equity Protection Act.
Which of the following fair lending laws was created to fight predatory lending practices:
-Home Ownership and Equity Protection Act.
Under a reverse annuity mortgage:
- If the amount due the lender at the homeowner's death exceeds the value of the home, the
Federal Housing Administration will cover the loss.
- All of the above
- The homeowner receives a monthly payment from a bank as long as he remains in the home
- The lender receives a mortgage on the home but principal and interest are not due until the
homeowner dies or sells the property
-All of the above
Under a reverse annuity mortgage:
- If the amount due the lender at the homeowner's death exceeds the value of the home, the
Federal Housing Administration will cover the loss.
- All of the above
- The homeowner receives a monthly payment from a bank as long as he remains in the home
- The lender receives a mortgage on the home but principal and interest are not due until the
homeowner dies or sells the property
-All of the above
An acknowledgment made by a notary of the grantor's and the witnesses' signatures is not
required to make a deed legally valid, but it is required for recordation.
-True
-False
-True
An acknowledgment made by a notary of the grantor's and the witnesses' signatures is not
required to make a deed legally valid, but it is required for recordation.
, -True
-False
-True
A document can be rejected from a recorder's office for not having the proper color ink or size
of characters.
-True
-False
-True
A document can be rejected from a recorder's office for not having the proper color ink or size
of characters.
-True
-False
-True
A deed is a written or oral conveyance of real estate from one party to another
-True
-False
-False
A deed is a written or oral conveyance of real estate from one party to another
-True
-False
-False
An exception is something taken back from the grant of real estate while a reservation is
some part of the estate which is not granted
-True
-False
-False
